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Tuesday
Mar232010

Internals

DateTuesday, March 23, 2010 at 8:05AM

NYSI: Notice the pattern? First NYSI is hitting resistance at 1280 and the bb width has extended it's self.  When the moving average crosses the market has corrected it's self within a few days.

A couple of post ago I mentioned the divergence and said it was weak.  Now the divergence is strong since there has been a disconnect for the last couple of days.  NYMO almost crossed zero on Friday, which would have been a sell but yesterday it bounced to stay above it.  If the market is weak the next few days NYMO has a strong chance of crossing zero.

 

AuthorPikertrader | CommentPost a Comment | | |
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